On 11 December 2014, officials from Hong Kong and United Arab Emirates signed an income tax treaty. The treaty is the first of its kind between the two jurisdictions.
Taxes Covered
The treaty covers Hong Kong profits tax, salaries tax and property tax, and covers U.A.E. income tax and corporate tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services within a Contracting Party through employees or o…